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Assume that you have just purchased some shares in an investment company reporting $500 million in assets, $50 million in liabilities, Net asset value (NAV)

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Assume that you have just purchased some shares in an investment company reporting $500 million in assets, $50 million in liabilities, Net asset value (NAV) is $9. What is the number of shares outstanding? a. 45M b. Cannot be computed with this information c. 40M d. 50M

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